Galfar Engineering & Contracting SAOG

GECS

OM0000003521

Construction & Engineering

End-of-day quote Muscat Exchange Other stock markets 06:00:00 2024-05-01 pm EDT			5-day change	1st Jan Change
0.161 ^OMR	0.00%		-1.23%	-4.73%

Apr. 17	Galfar Engineering & Contracting SAOG Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 13	Galfar Engineering & Contracting SAOG Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Galfar Engineering & Contracting SAOG Reports Earnings Results for the First Quarter Ended March 31, 2024

April 17, 2024 at 02:03 pm EDT

Galfar Engineering & Contracting SAOG reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was OMR 65.86 million compared to OMR 58.41 million a year ago. Net income was OMR 0.202 million compared to OMR 0.442 million a year ago.

Latest news about Galfar Engineering & Contracting SAOG

Galfar Engineering & Contracting SAOG Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 17	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 12	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 13	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Galfar Engineering & Contracting SAOG Wins Contract Value of Omr 29 Million	23-06-25	CI
Pekoleum Development Oman LLC Awards Galfar the Off-Plot Delivery Contract Qarn Alam	23-06-04	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-14	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Full Year Ended December 31, 2022	23-01-15	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Nine Months Ended September 30, 2022	22-10-12	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-13	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-14	CI
Galfar Engineering & Contracting SAOG Appoints Mohamed Humaid Sanad Al Yahyaei as Chief Financial Officer, Effective 3 April 2022	22-03-24	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Full Year Ended December 31, 2021	22-01-13	CI
Galfar Engineering & Contracting SAOG Announces Resignation of Hassan Ahmed Mohamed Al Nabhani as from the Board	21-12-29	CI
Galfar Engineering & Contracting SAOG Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-14	CI
Galfar Engineering & Contracting SAOG Announces Resignation of Bader Mohamed Rashid Al Fanna Al Araimi as Board Member	21-11-03	CI
Galfar Engineering & Contracting Saog Wins Project of Approximate Value of OMR 9 Million	21-10-25	CI
Galfar Engineering & Contracting SAOG Reports Parent and Consolidated Unaudited Earnings Results for the Nine Months Ended September 2021	21-10-14	CI
Galfar Engineering & Contracting SAOG Announces the Resignation of Saif Sulaiman Al Yaarubi as Chief Financial Officer, Effective October 17, 2021	21-10-11	CI
Galfar Engineering & Contracting SAOG Announces Resignation of Kalat Ghuloom Hassan Al Balushi as Director	21-09-20	CI
OQ Awards Contract to Galfar for Approximate Value of OMR 40.00 million	21-09-12	CI
Galfar Engineering & Contracting Saog Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-15	CI
Galfar Engineering & Contracting Saog Reports Unaudited Parent and Consolidated Earnings Results for the January to March 2021	21-04-15	CI
Galfar Engineering & Contracting SAOG Reports Unaudited Parent and Consolidated Earnings Results for the Twelve Months Ended September 2020	21-01-13	CI
Galfar Engineering & Contracting SAOG Reports Unaudited Parent and Consolidated Earnings Results for the Nine Months Ended September 2020	20-10-15	CI

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Company Profile

Galfar Engineering and Contracting SAOG is an Oman-based joint stock company engaged in the construction sector. The Company is active, along with its subsidiaries, in three segments: construction, hiring of equipment and training of personnel. The Companyâs principal activities include civil and mechanical construction, public health engineering, road construction, electrical, plumbing and maintenance contracts, as well as hiring out of cranes, equipment and other vehicles, and training of drivers, operators and others. The Companyâs business areas are structured into three, namely Civil and Utilities, Oil & Gas and Roads & Bridges. In additions to the Sultanate of Oman, the Company has operations in other Gulf Cooperation Council (GCC) countries and India. As of December 31, 2011, the Companyâs subsidiaries included Al-Khalij Heavy Equipment and Engineering LLC, Galfar Training Institute LLC, Galfar Engineering and Contracting India Pvt Ltd. and Aspire Projects & Services LLC.

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Construction & Engineering

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BUY

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Last Close Price

0.161 OMR

Average target price

0.169 OMR

Spread / Average Target

+4.97%

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